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Gahcho Kue
Mountain Province Sees Drop in Quarterly Sales
Mountain Province’s revenue fell 14% year on year to CAD 47.3 million ($36.1 million) in the third quarter as Covid-19 limited the miner’s ability to sell rough.The company held only one standard sale during the...
Mining Nov 05, 2020 Rapaport News
MP Gahacho Kue 150
Mountain Province Output Thrives in Third Quarter
Production at Gahcho Kué rose in the third quarter as Mountain Province mined from a higher-grade portion of the deposit.Ore from the asset yielded 2.19 carats of rough diamonds per tonne in the three months ending September...
Mining Oct 19, 2020 Rapaport News
Mountain Province 150
Mountain Province Gets Approval for Investor Bailout
Mountain Province shareholders have approved a refinancing deal that will allow one of its major investors to buy out its current credit facility.Dunebridge Worldwide, which is controlled by Dermot Desmond, who owns just over 32%...
Mining Oct 01, 2020 Rapaport News
Mountain Province big truck 150
Mountain Province to Up Investor Sales Agreement
Mountain Province plans to sell an additional $50 million worth of rough diamonds from its Gahcho Kué mine to Dunebridge Worldwide to help generate liquidity and bolster the company.The sale “will significantly strengthen the company's...
Mining Aug 19, 2020 Rapaport News
Mountain Province Gahcho Kue 150
Mountain Province in the Red as Demand Slows
Mountain Province reported a loss in the second quarter as the coronavirus pandemic closed markets and hit demand.The miner posted a net loss of CAD 26.8 million ($21.8 million) for the three months ending June...
Mining Aug 09, 2020 Rapaport News
Mountain Province
Mountain Province Projects 3Q Improvement
Mountain Province anticipates the market for rough diamonds will start to improve toward the end of the third quarter when retailers prepare for holiday sales.“While prices in the post Covid-19 period remain under...
Polished Markets Jul 20, 2020 Rapaport News
Gahcho Kué
Mountain Province Investor to Buy $50M in Rough
Mountain Province plans to sell $50 million worth of rough diamonds to an entity owned by one of its major shareholders, generating liquidity amid weak prices.The first sale of $22 million in diamonds to Dunebridge Worldwide will take place...
Mining Jun 09, 2020 Rapaport News
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